General Information

Government Type

Municipality

Entity

Gunnison

Public Body

City Council

Notice Information

Add Notice to Calendar

Notice Title

Gunnison City Council Meeting

Notice Tags

Bonds

Notice Type(s)

Event Start Date & Time

August 5, 2009 07:00 PM

Event End Date & Time

July 21, 2009 08:22 AM

Description/Agenda

NOTICE OF PUBLIC HEARING AND BONDS TO BE ISSUED LOCAL BUILDING AUTHORITY OF GUNNISON CITY, UTAH NOTICE IS HEREBY GIVEN pursuant to the provisions of the Utah Local Building Authority Act, Title 17D, Chapter 2, Utah Code Annotated 1953, as amended, that on July 15, 2009, the Authority Board (the “Authority Board”) of the Local Building Authority of Gunnison City, Utah (the “Issuer”), adopted a resolution (the “Resolution”) in which it authorized the issuance and sale of the Issuer's Taxable Lease Revenue Bonds, Series 2009B (the “Series 2009B Bonds”) in an aggregate principal amount not to exceed $800,000; the Series 2009B Bonds to bear no interest, to mature in not more than thirty-five (35) years from their date or dates, and to be sold at a price not less than 99% percent of the total principal amount thereof, plus accrued interest to the date of delivery. NOTICE IS FURTHER GIVEN that the Issuer called a public hearing for the purpose of inviting public comment on the proposed issuance of the Series 2009B Bonds and the economic impact that the improvements proposed to be financed with the Series 2009B Bonds will have on the private sector. The public hearing will be held on August 5, 2009, at 7:00 p.m. or as soon thereafter as feasible, at 34 East 100 North in Gunnison, Utah. The Series 2009B Bonds will be issued pursuant to the Resolution, a Bond Authorizing Resolution and a Master Resolution to be adopted authorizing and confirming the sale of the Series 2009B Bonds (collectively, the “Final Bond Resolutions”) for the purposes of (i) financing the design and construction of a new Fire Station in Gunnison City, and related improvements and (ii) paying the costs of issuing the Series 2009B Bonds. As lease revenue bonds, no property taxes will be pledged for repayment of the Series 2009B Bonds. Drafts of the Final Bond Resolutions in substantially final form were before the Authority Board and were part of the Resolution at the time of its adoption by the Authority Board (collectively, the “Bond Resolutions”). The Final Bond Resolutions are to be adopted by the Authority Board in such form and with such changes thereto as shall be approved by the Authority Board upon the adoption thereof, provided that the principal amount, interest rate or rates, maturity and discount of the Series 2009B Bonds will not exceed the maximums set forth above. Copies of the Final Bond Resolutions are on file in the office of the Secretary of the Issuer where they may be examined during regular business hours of the Issuer which are 8:00 a.m. to 5:00 p.m. Monday through Thursday and 8:00 a.m. to 3:00 p.m. on Friday for at least thirty (30) days from and after the last date of publication of this notice. NOTICE IS HEREBY GIVEN that a period of thirty (30) days from and after the last date of the publication of this notice is provided by law during which (i) any person in interest shall have the right to contest the legality of the Resolution, the Final Bond Resolutions, or the Series 2009B Bonds, or any provision made for the security and payment of the Series 2009B Bonds by filing a verified written complaint in the district court of the county in which he/she resides, and that after such time, no one shall have any cause of action to contest the regularity, formality or legality thereof for any cause whatsoever, and (ii) registered voters within the Issuer may sign a written petition requesting an election to authorize the issuance of the Bonds. If written petitions which have been signed by at least 20% of the registered voters within the Issuer are filed with the Issuer during said 30-day period, the Issuer shall be required to hold an election to obtain voter authorization prior to the issuance of the Series 2009B Bonds. If fewer than 20% of the registered voters within the Issuer file a written petition during said 30-day period, the Issuer may proceed to issue the Series 2009B Bonds without an election. DATED: July 15, 2009. /s/ Marilyn B. Stewart Secretary NOTICE OF PUBLIC HEARING AND BONDS TO BE ISSUED LOCAL BUILDING AUTHORITY OF GUNNISON CITY, UTAH NOTICE IS HEREBY GIVEN pursuant to the provisions of the Utah Local Building Authority Act, Title 17D, Chapter 2, Utah Code Annotated 1953, as amended, that on July 15, 2009, the Authority Board (the “Authority Board”) of the Local Building Authority of Gunnison City, Utah (the “Issuer”), adopted a resolution (the “Resolution”) in which it authorized the issuance and sale of the Issuer's Lease Revenue Bonds, Series 2009 (the “Series 2009 Bonds”) in an aggregate principal amount not to exceed One Million Seven Hundred Thousand Dollars ($1,700,000); the Series 2009 Bonds to bear interest at a rate or rates not to exceed two and one-half (2.50%) per annum, to mature in not more than thirty-five (35) years from their date or dates, and to be sold at a price not less than 99% percent of the total principal amount thereof, plus accrued interest to the date of delivery. NOTICE IS FURTHER GIVEN that the Issuer called a public hearing for the purpose of inviting public comment on the proposed issuance of the Series 2009 Bonds and the economic impact that the improvements proposed to be financed with the Series 2009 Bonds will have on the private sector. The public hearing will be held on August 5, 2009, at 7:00 p.m. or as soon thereafter as feasible, at the City Hall located at 34 East 100 North in Gunnison, Utah. The Series 2009 Bonds will be issued pursuant to the Resolution, a Bond Authorizing Resolution and a Master Resolution to be adopted authorizing and confirming the sale of the Series 2009 Bonds (collectively, the “Final Bond Resolutions”) for the purposes of (i) financing the design and construction of a new City Hall in Gunnison City, and related improvements and (ii) paying the costs of issuing the Series 2009 Bonds. As lease revenue bonds, no property taxes will be pledged for repayment of the Series 2009 Bonds. Drafts of the Final Bond Resolutions in substantially final form were before the Authority Board and were part of the Resolution at the time of its adoption by the Authority Board (collectively, the “Bond Resolutions”). The Final Bond Resolutions are to be adopted by the Authority Board in such form and with such changes thereto as shall be approved by the Authority Board upon the adoption thereof, provided that the principal amount, interest rate or rates, maturity and discount of the Series 2009 Bonds will not exceed the maximums set forth above. Copies of the Final Bond Resolutions are on file in the office of the Secretary of the Issuer where they may be examined during regular business hours of the Issuer which are 8:00 a.m. to 5:00 p.m. Monday through Thursday and 8:00 a.m. to 3:00 p.m. on Friday for at least thirty (30) days from and after the last date of publication of this notice. NOTICE IS HEREBY GIVEN that a period of thirty (30) days from and after the last date of the publication of this notice is provided by law during which (i) any person in interest shall have the right to contest the legality of the Resolution, the Final Bond Resolutions, or the Series 2009 Bonds, or any provision made for the security and payment of the Series 2009 Bonds by filing a verified written complaint in the district court of the county in which he/she resides, and that after such time, no one shall have any cause of action to contest the regularity, formality or legality thereof for any cause whatsoever, and (ii) registered voters within the Issuer may sign a written petition requesting an election to authorize the issuance of the Bonds. If written petitions which have been signed by at least 20% of the registered voters within the Issuer are filed with the Issuer during said 30-day period, the Issuer shall be required to hold an election to obtain voter authorization prior to the issuance of the Series 2009 Bonds. If fewer than 20% of the registered voters within the Issuer file a written petition during said 30-day period, the Issuer may proceed to issue the Series 2009 Bonds without an election. DATED: July 15, 2009. /s/ Marilyn B. Stewart Secretary

Notice of Special Accommodations (ADA)

Please contact the City Offices at (435)528-7969 giving 24 hours notice

Notice of Electronic or Telephone Participation

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Meeting Information

Meeting Location

34 East 100 North
Gunnison, 84634
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Contact Name

Angela Leatherwood

Contact Email

a.leatherwood@gunnisoncityut.gov

Contact Phone

(435)528-7969

Notice Posting Details

Notice Posted On

July 21, 2009 08:27 AM

Notice Last Edited On

July 21, 2009 08:27 AM

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